ACE/XL settle World Trade Center dispute

By David Marchant

23 years ago

Topics

Keywords

ACE Ltd. Bermuda Insurance Market Silverstein Properties, Inc. XL Capital

ACE and XL Capital have settled their litigation with the leaseholder of the World Trade Center, Silverstein Properties Inc.
Under the terms of the deal, ACE will pay $298 million and XL will pay $67 million, the full limits of the policies they underwrote, within 30 days.

- You're only seeing part of this content
  
  To view the entire article or download the document, subscribe today.
  
  - Offshore Courts: 29,000+ court cases (Bahamas, Bermuda, BVI, Cayman Islands)
  - Investigative Articles: 4,500+ in-depth articles, including fraud exposés
  - MLATs - Criminal: 1,400+ MLATs on global criminal investigations
  - Ch. 15 - Insolvencies: Monitored daily
  - Foreign Discovery: Applications for foreign discovery filed in the USA, monitored daily
  - Regulatory Actions: Global regulatory actions, fines, and bans, monitored daily
  - And More: Criminal indictments, extraditions, winding-up petitions, and more
  
  Unlimited access for less than $3/day.
  
  Cancel anytime.
  
  SUBSCRIBE
- SIGN IN
  
  Forgot your password?

BECOME A SUBSCRIBER

Daily red flags in high-value international finance

Unlimited access. No contracts. Cancel anytime.